DC December: sports betting revenue up despite handle decline
Handle for December in Washington DC amounted to $15.3m (£12.0m/€14.0m). This was down 18.2% from $18.7m in December 2022 and 10.5% behind $17.1m in November 2023.
In terms of gross gaming revenue (GGR), this reached $2.5m in December. GGR was up 4.2% from $2.4m in December of the previous year and 108.3% ahead of $1.2m in November.
Caesars retains the lead in DC
Looking at individual operators, Caesars remained the frontrunner in the DC market during December. The operator posted $889,481 from $5.3m in total sports bets in the month.
Gambet, run by the DC Lottery and powered by Intralot, remained second. Players wagered more with Gambet than Caesars, betting a total of $5.7m. However, after paying out $4.9m in winning, this left Gambet with smaller GGR of $837,595.
FanDuel ahead of BetMGM despite lower handle in December
Elsewhere, Flutter Entertainment-owned FanDuel had a good month, reporting $446,410 in revenue from $1.1m in bets. This represented a hold percentage of 41.5%, far higher than any other DC operator.
BetMGM took more bets than FanDuel, processing $2.8m during December. However, it was only able to post $284,980 in revenue, placing behind FanDuel in the monthly rankings.
As for other operators active in DC, Grand Central and partner Elys Game Technology posted $72,627 in revenue from $417,402 in sports wagers.
Cloakbook rounded off the market with $2,508 in revenue from $13,300 in total wagers. This meant a hold percentage of 18.9% for the month, among the highest in DC.